Calix (NYSE:CALX) Stock Rating Lowered by Zacks Research

Zacks Research cut shares of Calix (NYSE:CALX) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on CALX. Rosenblatt Securities boosted their price objective on shares of Calix from $56.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Roth Capital upped their target price on Calix from $60.00 to $69.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wolfe Research assumed coverage on Calix in a research note on Monday, July 7th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. upped their price objective on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC upped their price objective on Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Calix Trading Down 2.0%

Shares of NYSE CALX opened at $61.24 on Monday. Calix has a twelve month low of $28.60 and a twelve month high of $64.30. The business has a 50 day simple moving average of $58.60 and a 200-day simple moving average of $47.92. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -153.10 and a beta of 1.35.

Calix (NYSE:CALX) last released its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.41. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, equities analysts predict that Calix will post -0.43 earnings per share for the current year.

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the transaction, the director directly owned 2,114,188 shares of the company’s stock, valued at approximately $117,126,015.20. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock valued at $3,065,000 over the last quarter. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

Several large investors have recently made changes to their positions in CALX. Vanguard Group Inc. boosted its stake in shares of Calix by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock worth $284,065,000 after acquiring an additional 37,601 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Calix by 12.1% during the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock worth $88,927,000 after acquiring an additional 270,397 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Calix by 2.9% in the 2nd quarter. Congress Asset Management Co. now owns 1,417,944 shares of the communications equipment provider’s stock valued at $75,420,000 after purchasing an additional 39,447 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after purchasing an additional 152,469 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in shares of Calix by 26.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock valued at $36,584,000 after purchasing an additional 215,028 shares during the period. Institutional investors own 98.14% of the company’s stock.

About Calix

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.